We don’t share concerns that the Bank of Japan will soon run into trouble acquiring the ¥80 trillion worth of Japanese Government Bonds it has pledged to buy every year. Admittedly, insurance companies have yet to reduce their bloated JGB holdings. But even if they don’t, we believe that QQE can continue at least until mid-2019.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.